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AuRico Gold Reports Fourth Quarter and Annual Financial Results and Reports Sixth Consecutive Quarter of Record Gold Production

TORONTO, March 4, 2014 /PRNewswire/ --

AuRico Gold Inc. (TSX: AUQ) (NYSE: AUQ), ("AuRico" or the "Company") reports financial results for the three and twelve months ended December 31, 2013. The Company will host a conference call on Tuesday, March 4, 2014 beginning at 8:30 a.m. Eastern Time (details below). (All amounts are in U.S. dollars, unless otherwise indicated)

Financial Highlights

For the fourth quarter, the Company reported the following results:

  • Revenues of $50.8 million
  • Operating cash flow before changes in working capital(1) of $17.5 million, or $0.07 per share
  • Adjusted net loss(1) of $5.5 million, or $0.02 per share
  • Net loss of $106.4 million, or $0.43 per share, including non-cash impairment charges and net realizable value adjustments of $71.7 million, or ($0.29) per share, net of taxes
  • Production of 49,526 gold ounces(2)
  • Cash costs of $771 per gold ounce(3)
  • All-in sustaining costs of $1,232 per gold ounce(3)

For the full year, the Company reported the following results:

  • Revenues of $227.6 million
  • Operating cash flow before changes in working capital(1) of $78.1 million, or $0.31 per share
  • Adjusted net earnings(1) of $13.1 million, or $0.05 per share
  • Net loss of $176.8 million, or $0.71 per share, including non-cash impairment charges and net realizable value adjustments of $171.4 million, or ($0.68) per share, net of taxes
  • Production of 192,602 gold ounces(2)
  • Cash costs of $676 per gold ounce(3)
  • All-in sustaining costs of $1,181 per gold ounce(3)

AuRico Gold Company-Wide Production Growth

    (1) See the table at the end of this press release for a reconciliation of
        adjusted net earnings and adjusted operating cash flow and refer to
        the discussion of Non-GAAP measures below.
    (2) Includes 3,509 pre-production gold ounces produced at Young-Davidson
        during the three months ended December 31, 2013.
    (3) Total cash costs per gold ounce and all-in sustaining costs per gold
        ounce have been presented prior to inventory net realizable value
        adjustments. See the discussion of Non-GAAP measures provided below.



                             2013 Operational Results
                   First      Second       Third      Fourth
                  Quarter     Quarter     Quarter     Quarter
                   March       June        Sept.       Dec.          Year-End
                   31/13       30/13       30/13       31/13        Dec. 31/13
    Gold Ounces
    Produced[3]   46,170      48,003      48,903      49,526         192,602
    Total Cash
    Costs per
    oz.[1],[2]     $635        $655        $628        $771            $676
    All-in
    Sustaining
    Costs per
    oz.[2]        $1,090      $1,189      $1,210      $1,232          $1,181


    1.  Prior to commissioning the underground mine at Young-Davidson, cash
        costs were calculated on ounces produced from
        the open pit only. All underground costs were capitalized, and any
        revenue related to underground ounces sold was
        credited against capital. Subsequent to the declaration of commercial
        production in the underground mine, cash costs
        are calculated on ounces produced from both the open pit and
        underground mines, and revenue related to the sale of
        underground ounces is recognized in the Company's Statement of
        Operations as revenue.
    2.  Cash costs, prior to inventory net realizable value adjustments. See
        the Non-GAAP Measures section on page 23 of the
        Management's Discussion and Analysis for the year ended December 31,
        2013.
    3.  Includes pre-production gold ounces from the Young-Davidson
        underground mine prior to the declaration of commercial
        production on October 31, 2013.


Recent Highlights

  • Commercial production of the underground mine was declared on October 31, 2013, following the commissioning of the shaft hoisting system, which will facilitate significant increases in underground productivities and ongoing unit operating cost improvements.
  • During the fourth quarter, the Company averaged 2,590 tpd from the Young-Davidson underground mine (approx. 3,000 tpd in November and December), exceeding the year-end targeted level of 2,000 tpd. Underground productivity for the first quarter of 2014 is expected to remain in-line with overall fourth quarter levels (approx. 2,500 tpd) and increase steadily throughout the remainder of the year to reach a productivity target of 4,000 tpd by the end of the year.
  • During the first two months of commercial production, underground unit mining costs were approximately $39 per tonne and are expected to average approximately $45 per tonne in Q1 2014, which reflects the inclusion of paste fill operations following the recent commissioning of paste backfill plant. Unit costs are expected to decrease steadily throughout the year, corresponding with planned quarter-over-quarter increases in underground productivity.
  • The Company recently received the necessary permits to increase the daily processing limit of the Young-Davidson mill facility to 10,000 tonnes per day from the previous 8,000 tonnes per day. While the mill facility is expected to average between 7,000 and 7,500 tonnes per day in 2014, this future increase in throughput capacity will provide considerable flexibility as the mine continues ramping up to its target of 8,000 tonnes per day at the end of 2016. This productivity upgrade provides organic growth optionality that could permit early treatment of the longer term stockpile inventory, which could potentially enhance our future cash flow profile.

"The Company has reported solid results for 2013 that are in-line with market expectations and with the fourth quarter representing the sixth consecutive quarter of company-wide production growth. As we start 2014, both assets are performing at, or above, expected levels and this gives us confidence that the first quarter will represent the seventh consecutive quarter of company-wide production growth, a trend that we expect to continue throughout the year," stated Scott Perry, President and Chief Executive Officer. He continued, "At our cornerstone Young-Davidson mine we are well positioned for long-term success. We have declared underground commercial production, and completed construction activities such that all required infrastructure is currently in place. Our focus in 2014 will be to continue ramping-up underground productivity and advancing underground development at Young-Davidson to secure reliable, sustainable and profitable production growth going forward."

Managing Long-Term Liquidity

The Company is fortunate to be well positioned with a quality asset base, a growing production profile and a strong liquidity position that provides the Company with access to a number of shareholder friendly, non-dilutive debt financing options. The Company intends to issue longer dated term debt to enhance our balance sheet, repay existing debt, bolster our already strong liquidity position, and to secure additional flexibility to pursue future organic growth opportunities at our cornerstone Young-Davidson operation.

Operational Highlights - Continuing Operations



    (in thousands, except ounces,
     average realized prices and
     total cash costs)
                                  Young-Davidson                       El Chanate
                           Quarter Ended   Quarter Ended    Quarter Ended   Quarter Ended
                              December        December        December        December
                              31, 2013        31, 2012        31, 2013        31, 2012
    Gold ounces
    produced                   29,597           19,236          16,420          14,782
    Pre-production
    gold ounces
    produced(3)                 3,509            7,127               -               -
    Total gold
    ounces
    produced                   33,106           26,363          16,420          14,782
    Total cash
    costs per gold
    ounce(1)(2)(3)               $850             $744            $615            $520
    Revenue from
    mining
    operations                $31,420          $38,425         $19,362         $24,694
    Average
    realized gold
    price per
    ounce                      $1,261           $1,722          $1,251          $1,717



    (in thousands, except ounces,
     average realized prices and
     total cash costs)
                                  Young-Davidson                      El Chanate
                             Year Ended       Year Ended         Year Ended    Year Ended
                              December         December           December      December
                              31, 2013         31, 2012           31, 2013      31, 2012

    Gold ounces
    produced                   89,236           29,139             71,864         71,145
    Pre-production
    gold ounces
    produced(3)                31,502           26,999                  -              -
    Total gold
    ounces
    produced                  120,738           56,138             71,864         71,145
    Total cash
    costs per gold
    ounce(1)(2)(3)               $744             $708               $592           $462
    Revenue from
    mining
    operations               $124,439          $45,492           $103,192       $118,130
    Average
    realized gold
    price per
    ounce                      $1,395           $1,728             $1,395         $1,676




                                                        Total
       (in thousands, except ounces,
     average realized prices and total    Quarter Ended        Quarter Ended
                cash costs)             December 31, 2013    December 31, 2012
    Gold ounces produced                           46,017               34,018
    Pre-production gold ounces
    produced(3)                                     3,509                7,127
    Total gold ounces produced                     49,526               41,145
    Total cash costs per gold
    ounce(1)(2)(3)                                   $771                 $650
    Revenue from mining operations                $50,782              $63,119
    Average realized gold price per
    ounce                                          $1,257               $1,720


                                                        Total
       (in thousands, except ounces,
     average realized prices and total     Year Ended           Year Ended
                cash costs)             December 31, 2013    December 31, 2012
    Gold ounces produced                          161,100              100,284
    Pre-production gold ounces
    produced(3)                                    31,502               26,999
    Total gold ounces produced                    192,602              127,283
    Total cash costs per gold
    ounce(1)(2)(3)                                   $676                 $536
    Revenue from mining operations               $227,631             $163,622
    Average realized gold price per
    ounce                                          $1,395               $1,690



Financial Highlights - Continuing Operations


                                              Quarter Ended     Quarter Ended
    (in thousands, except per share             December 31,     December 31,
    amounts)                                           2013            2012(2)
    Adjusted net (loss) / earnings(1)               ($5,484)           $13,505
    Adjusted net (loss) / earnings per
    share, basic(1)                                  ($0.02)             $0.05
    Net loss                                      ($106,412)        ($135,142)
    Net loss per share, basic                        ($0.43)           ($0.48)
    Adjusted operating cash flow(1)                  $17,508           $30,426



                                                  Year Ended       Year Ended
    (in thousands, except per share              December 31,     December 31,
    amounts)                                            2013            2012(2)
    Adjusted net earnings(1)                         $13,052           $16,903
    Adjusted net earnings per share,
    basic(1)                                           $0.05             $0.06
    Net loss                                      ($176,770)         ($99,779)
    Net loss per share, basic                        ($0.71)           ($0.35)
    Adjusted operating cash flow(1)                  $78,079           $37,142


    (1) See the tables at the end of this press release for a reconciliation
        of adjusted net earnings and adjusted operating cash flow and refer to
        the discussion of Non-GAAP measures below. Total cash costs per gold
        ounce have been presented prior to inventory net realizable value
        adjustments. The Company has restated adjusted net earnings for 2012.
    (2) Certain comparative information has been restated as a result of the
        adoption of IFRIC 20, Stripping Costs in the Production Phase of a
        Surface Mine, which was applied prospectively to production stripping
        costs incurred on or after January 1, 2012. For further details, refer
        to the Critical Accounting Estimates, Policies and Changes section on
        page 30 in the Company's Management's Discussion & Analysis or note
        3(a) to the Company's consolidated financial statements for the year
        ended December 31, 2013.
    (3) The Young-Davidson open pit mine declared commercial production on
        September 1, 2012, and is therefore excluded from cash costs prior to
        this date. The Young-Davidson underground mine declared commercial
        production on October 31, 2013, and is therefore excluded from cash
        costs prior to this date. Pre-production ounces produced are excluded
        from consolidated ounces produced as these ounces are credited against
        capitalized project costs when sold.


Adjusted Net Earnings Reconciliation


                                                                     Quarter       Quarter
    (in thousands, except per share metrics)                           Ended         Ended
                                                                    December      December
                                                                    31, 2013      31, 2012
    Net loss from continuing operations                            ($106,412)    ($135,142)
    Adjustments:
    Deferred income tax expense related to foreign exchange          $19,781          $629
    Foreign exchange gain                                             (3,732)       (2,298)
    Net realizable value adjustments on inventory                     37,196             -
    Impairment charges                                                59,886       127,000
    (Gain) / loss on option component of convertible notes              (772)        6,186
    Unrealized loss on investments                                         -        17,778
    Unrealized loss on derivatives                                         -           210
    Unrealized loss on contingent consideration                          483         3,569
    Equity in loss / (earnings) of jointly-controlled entity           2,533           (83)
    Gain on disposition of 50% interest in Orion                           -        (6,620)
    Impact of new Mexican mining tax                                   4,917             -
    Other (including tax effect of adjustments)                      (19,364)        2,276
    Adjusted net (loss) / earnings from continuing operations        ($5,484)      $13,505
    Adjusted net (loss) / earnings from continuing
    operations, per share                                             ($0.02)        $0.05
    Net earnings from discontinued operations                             $-      $108,977
    Adjustments:
    Unrealized foreign exchange gain                                      $-         ($391)
    Net realizable value adjustments on inventory                          -         7,778
    Disposition-related costs                                              -         6,796
    Loss on disposition of El Cubo and Guadalupe y Calvo                   -         2,277
    Gain on disposition of Ocampo                                          -      (150,793)
    Ocampo outside tax basis adjustment                                    -       (39,168)
    Tax impact                                                             -        80,101
    Adjusted net earnings from discontinued operations                    $-       $15,577
    Adjusted net earnings from discontinued operations, per share         $-         $0.06
    Adjusted net (loss) / earnings                                   ($5,484)      $29,082
    Adjusted net (loss) / earnings, per share                         ($0.02)        $0.10



    (in thousands, except per share metrics)                      Year Ended    Year Ended
                                                                    December      December
                                                                    31, 2013      31, 2012
    Net loss from continuing operations                            ($176,770)     ($99,779)
    Adjustments:
    Deferred income tax expense / (recovery) related
    to foreign exchange                                              $24,999      ($15,785)
    Foreign exchange (gain) / loss                                   (10,927)       10,663
    Net realizable value adjustments on inventory                     42,069             -
    Impairment charges                                               158,574       127,000
    Gain on option component of convertible notes                    (15,622)       (4,046)
    Unrealized loss on investments                                         -           146
    Unrealized gain on derivatives                                    (2,183)       (1,713)
    Unrealized loss / (gain) on contingent consideration               7,395        (1,568)
    Equity in loss / (earnings) of jointly-controlled entity           2,533           (83)
    Gain on disposition of 50% interest in Orion                           -        (6,620)
    Impact of new Mexican mining tax                                   4,917             -
    Other (including tax effect of adjustments)                      (21,933)        8,688
    Adjusted net earnings from continuing operations                 $13,052       $16,903
    Adjusted net earnings from continuing operations, per share        $0.05         $0.06
    Net earnings from discontinued operations                             $-      $131,052
    Adjustments:
    Unrealized foreign exchange loss                                      $-        $9,080
    Loss on disposition of Australian operations                           -         1,736
    Net realizable value adjustments on inventory                          -        16,070
    Impairment of Australian Operations                                    -        22,857
    Disposition-related costs                                              -        12,123
    Gain on disposition of El Cubo and Guadalupe y Calvo                   -       (21,785)
    Gain on disposition of Ocampo                                                 (150,793)
    Tax impact                                                             -        83,005
    Adjusted net earnings from discontinued operations                    $-      $103,345
    Adjusted net earnings from discontinued operations, per share         $-         $0.37
    Adjusted net earnings                                            $13,052      $120,248
    Adjusted net earnings, per share                                   $0.05         $0.43


Adjusted Operating Cash Flow Reconciliation


    (in thousands, except per share
    metrics)                                   Quarter Ended     Quarter Ended
                                           December 31, 2013 December 31, 2012
    Operating cash flow from continuing
    operations                                       $11,954          ($7,813)
    Add back: Non-cash change in operating
    working capital                                    5,554            38,239
    Adjusted operating cash flow from
    continuing operations                            $17,508           $30,426
    Adjusted operating cash flow from
    continuing operations, per share                   $0.07             $0.11



    (in thousands, except per share
    metrics)                                      Year Ended        Year Ended
                                           December 31, 2013 December 31, 2012
    Operating cash flow from continuing
    operations                                       $63,266          ($7,231)
    Add back: Non-cash change in operating
    working capital                                   14,813           $44,373
    Adjusted operating cash flow from
    continuing operations                            $78,079           $37,142
    Adjusted operating cash flow from
    continuing operations, per share                   $0.31             $0.13


Earnings before Interest, Taxes, Depreciation and Amortization ("EBITDA")


    (in thousands)                                    Year Ended    Year Ended
                                                     December 31,  December 31,
                                                            2013          2012
    Net loss from continuing operations                ($176,770)     ($99,779)
    Add back:
               Finance costs                               2,928         2,237
               Amortization and depletion                 65,529        18,723
               Deferred income tax expense /
               (recovery)                                 14,456        (7,849)
               Current income tax (recovery) /
               expense                                      (140)        6,625
    EBITDA                                              ($93,997)     ($80,043)


Adjusted Earnings before Interest, Taxes, Depreciation and Amortization ("Adjusted EBITDA")


    (in thousands)                                  Year Ended      Year Ended
                                                   December 31,    December 31,
                                                          2013            2012
    EBITDA                                            ($93,997)       ($80,043)
    Add back:
          Exploration                                       41           1,307
          Non-cash items identified in supplemental
          cash flow note, excluding amortization
          and depletion, and deferred
          income tax expense / recovery                181,770         143,967
    Adjusted EBITDA                                    $87,814         $65,231


Non-GAAP Measures

The Company uses the measures adjusted net earnings, cash costs per ounce, all-in sustaining costs per ounce, adjusted operating cash flow, EBITDA and Adjusted EBITDA in this press release, which do not have a standardized meaning prescribed by International Financial Reporting Standards ("IFRS" or "GAAP"). They are, therefore, considered to be non-GAAP measures and may not be comparable to similar measures presented by other companies. The non-GAAP measures cash costs per ounce and all-in sustaining costs per ounce are reconciled to the Company's financial statements beginning on page 23 of the Company's Management's Discussion and Analysis for the year ended December 31, 2013.

Adjusted net earnings is comprised of net earnings from both continuing and discontinued operations, adjusted for specific items. While the adjustments to net earnings in this measure include items that are recurring, adjusted net earnings is a useful measure as the unrealized gains / losses on foreign exchange, fair value adjustments on contingent consideration and derivatives, impairment charges, net realizable value adjustments, and other non-recurring items do not reflect the underlying operating performance of the Company's core mining business in the periods presented and are not necessarily indicative of future operating results.

Adjusted operating cash flow excludes the change in non-cash operating working capital, which includes changes in receivables, inventories, prepaid assets, and payables. Management uses adjusted operating cash flow as a measure internally to evaluate the underlying operating cash flow performance of the Company as a whole for the reporting periods presented, and to assist with the planning and forecasting of future operating cash flow.

EBITDA represents net loss from continuing operations before interest, taxes, amortization, and depreciation. Adjusted EBITDA represents EBITDA, adjusted for exploration expense and other non-cash items included in earnings. While the adjustments to net earnings in these measures include items that are recurring, EBITDA and adjusted EBITDA a valuable indicator of the Company's ability to generate liquidity by producing operating cash flow to fund working capital needs, service debt obligations, and fund capital expenditures.

Financial Statements and Management's Discussion and Analysis

The financial statements and related Management's Discussion and Analysis can be found on the Company's website at http://www.auricogold.com or under the Company's profile on http://www.sedar.com and with the Securities and Exchange Commission at http://www.sec.gov/edgar.shtml ("Edgar").

2014 Dividend Schedule

In 2014, the quarterly dividend will be linked to operating cash flow ("OCF"), whereby the Company intends to pay out 20% of the OCF generated in the preceding quarter, divided by the Company's outstanding common shares at the time the dividend is approved. Dividend payments corresponding to the 2014 quarterly financial results are expected to be paid, subject to the approval of the Board of Directors, within three to four weeks following the release of the Company's financial statements. The first quarter 2014 dividend is therefore expected to be paid in late May 2014. Information on the Company's dividend reinvestment plan (DRIP) is available through the following link: http://www.auricogold.com/DRIP.

Upcoming News Flow

The Company expects to issue the following updates during the first half of 2014:

  • Q1 2014 Production Preview (April 21)
  • Q1 2014 Financial Results (May 8)
  • Annual General Meeting (May 9)
  • Company-Wide Exploration Update (late-May)

Fourth Quarter Conference Call and Webcast

A webcast and conference call will be held on Tuesday, March 4, 2014 starting at 8:30 a.m. Eastern Time. Senior management will be on the call to discuss the results.

Conference Call Access

  • International & Toronto: 1-647-427-7450
  • Canada & U.S. Toll Free: 1-888-231-8191

When the operator answers, please ask to be placed into the AuRico Gold 2013 Fourth Quarter and Year-End Results Conference Call.

Conference Call Live Webcast
The conference call will be broadcast live on the internet via webcast. To access the webcast, please follow this link: http://www.newswire.ca/en/webcast/detail/1301913/1436577

Archive Call Access

If you are unable to attend the conference call, a replay will be available until midnight, March 11, 2014 by dialing the appropriate number below:

  • International & Toronto: 1-416-849-0833 Passcode: #90211565
  • Canada & U.S. Toll Free: 1-855-859-2056 Passcode: #90211565

Archive Webcast

The webcast will be archived for 90 days. To access the archived webcast, visit the Company's website at http://www.auricogold.com or follow this link: http://www.newswire.ca/en/webcast/detail/1301913/1436577

About AuRico Gold

AuRico Gold is a leading Canadian gold producer with mines and projects in North America that have solid production growth and exploration potential. The Company is focused on its core operations including the Young-Davidson gold mine in northern Ontario and the El Chanate mine in Sonora State, Mexico. AuRico's project pipeline also includes development opportunities in Canada and Mexico. AuRico's head office is located in Toronto, Ontario, Canada.

Cautionary Statement

Certain information included in this presentation constitutes forward-looking statements, including any information as to our projects, plans and future financial and operating performance. All statements, other than statements of historical fact, are forward-looking statements. The words "expect", "believe", "anticipate", "will", "intend", "estimate", "forecast", "budget", "schedule" and similar expressions identify forward-looking statements. Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements.

Such factors include, but are not limited to: changes to current estimates of mineral reserves and resources; fluctuations in the price of gold; changes in foreign exchange rates (particularly the Canadian dollar, Mexican peso and U.S. dollar); the impact of inflation; changes in our credit rating; any decision to declare a quarterly dividend; employee relations; litigation; disruptions affecting operations; availability of and increased costs associated with mining inputs and labor; development delays at the Young-Davidson mine; operating or technical difficulties in connection with mining or development activities; inherent risks associated with mining and mineral processing; the risk that the Young-Davidson and El Chanate mines may not perform as planned; uncertainty with the Company's ability to secure capital to execute its business plans; the speculative nature of mineral exploration and development, including the risks of obtaining necessary licenses and permits; contests over title to properties; changes in national and local government legislation in Canada, Mexico and other jurisdictions in which the Company does or may carry on business in the future; risk of loss due to sabotage and civil disturbances; the impact of global liquidity and credit availability and the values of assets and liabilities based on projected future cash flows; risks arising from holding derivative instruments; business opportunities that may be pursued by the Company. Many of these uncertainties and contingencies can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, us. Readers are cautioned that forward-looking statements are not guarantees of future performance. All of the forward-looking statements made in this presentation are qualified by these cautionary statements. Specific reference is made to the most recent Form 40-F/Annual Information Form on file with the SEC and Canadian provincial securities regulatory authorities for a discussion of some of the factors underlying forward-looking statements.

The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.

Cautionary Note to U.S. Investors Concerning Measured, Indicated and Inferred Resources

This press release uses the terms "measured," "indicated" and "inferred" resources. We advise investors that while those terms are recognized and required by Canadian regulations, the United States Securities and Exchange Commission does not recognize them. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or other economic studies. United States investors are cautioned not to assume that all or any part of measured or indicated mineral resources will ever be converted into mineral reserves. United States investors are also cautioned not to assume that all or any part of an inferred mineral resource exists, or is economically or legally mineable.

PDF available at: http://stream1.newswire.ca/media/2014/03/03/20140303_C8868_DOC_EN_37454.pdf

    (AUQ. AUQ)


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As the world moves from DevOps to NoOps, application deployment to the cloud ought to become a lot simpler. However, applications have been architected with a much tighter coupling than it needs to be which makes deployment in different environments and migration between them harder. The microservices architecture, which is the basis of many new age distributed systems such as OpenStack, Netflix and so on is at the heart of CloudFoundry – a complete developer-oriented Platform as a Service (PaaS...
T-Mobile has been transforming the wireless industry with its “Uncarrier” initiatives. Today as T-Mobile’s IT organization works to transform itself in a like manner, technical foundations built over the last couple of years are now key to their drive for more Agile delivery practices. In his session at DevOps Summit, Martin Krienke, Sr Development Manager at T-Mobile, will discuss where they started their Continuous Delivery journey, where they are today, and where they are going in an effort ...
SAP is delivering break-through innovation combined with fantastic user experience powered by the market-leading in-memory technology, SAP HANA. In his General Session at 15th Cloud Expo, Thorsten Leiduck, VP ISVs & Digital Commerce, SAP, discussed how SAP and partners provide cloud and hybrid cloud solutions as well as real-time Big Data offerings that help companies of all sizes and industries run better. SAP launched an application challenge to award the most innovative SAP HANA and SAP HANA...
There is no question that the cloud is where businesses want to host data. Until recently hypervisor virtualization was the most widely used method in cloud computing. Recently virtual containers have been gaining in popularity, and for good reason. In the debate between virtual machines and containers, the latter have been seen as the new kid on the block – and like other emerging technology have had some initial shortcomings. However, the container space has evolved drastically since coming on...
P2P RTC will impact the landscape of communications, shifting from traditional telephony style communications models to OTT (Over-The-Top) cloud assisted & PaaS (Platform as a Service) communication services. The P2P shift will impact many areas of our lives, from mobile communication, human interactive web services, RTC and telephony infrastructure, user federation, security and privacy implications, business costs, and scalability. In his session at @ThingsExpo, Robin Raymond, Chief Architect...